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Bankrupt US ski resort Tamarack: auction of assets delayed
 Poster: A snowHead
Poster: A snowHead

Tamarack, Idaho - the first new American resort for 23 years (since Deer Valley and Beaver Creek opened in 1981) - began operations in 2003 but went bust in 2008. Since then, efforts have been made to salvage the situation, with some chairlifts re-starting in 2010-11. One chairlift was removed by a creditor in 2012.

An intended auction of assets - scheduled for two days this week - has now been postponed, possibly in the hope of negotiating a better solution. The major backer - Credit Suisse - is reportedly owed $340 million. The developer's original plan was to create a $1.5 billion resort.

http://www.therepublic.com/view/story/dec4d07e2db540aaa3bd596b8ae74f18/ID--Tamarack-Sheriff-Sale
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